Rate cut in October in sight? Eurozone CPI fell by 0.1% month-on-month in September, the largest decline since January 2024.
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Directly hinting at a rate cut! Lagarde stated that in October, they will consider 'increased confidence in controlling inflation'.
Various signs indicate that the European Central Bank may cut interest rates again by mid-October, just three weeks after lowering policy rates. Two weeks ago, the market was still expecting the next rate cut to be in December. Following changes in market pricing and analyst expectations, Lagarde's statement is undoubtedly a very strong policy hint.
European Central Bank President: Interest rates will remain "sufficiently restrictive" until the inflation target is achieved.
Lagarde said that inflation may temporarily rise in the fourth quarter, but the European Central Bank is more confident in achieving the 2% inflation target. She emphasized that the policy interest rate will continue to remain tight until the target is met.
Italy's inflation rate has dropped below 1%, increasing the pressure on the European Central Bank to cut interest rates.
Italy's inflation rate has fallen below 1%, which has brought greater pressure to the European Central Bank, forcing it to accelerate the pace of interest rate cuts.
ECB October Cut No Certainty as German Data Points to Sticky Core Inflation -- Market Talk
In September, the CPI in the German region continued to cool down, with the national CPI growth rate expected to be lower than the European Central Bank's target.
In the German region, inflation has eased somewhat.